Shoprite (Isle of Man)
Encyclopedia
Shoprite Ltd. (slogan Manx to the Max) is a supermarket
chain currently trading in the Isle of Man
. It is a wholly owned subsidiary of Isle of Man Enterprises plc (formerly Shoprite Group Plc.). The company shares are traded on the PLUS Stock Exchange though will be delisted from 3rd January 2012. On 1st November 2011 the company announced an offer to buy back many shares along with an invitation to subscribe for Shoprite Bonds paying 2% cash interest per annum plus 3% Grocery Vouchers per annum
Shoprite currently owns 12 stores in all the major settlements on the Island. Three in Douglas
, two in Peel, two in Ramsey
, three in Port Erin (the main Port Erin store had a major restructure and facelift between April and July 2011), one in Onchan
and one in Castletown. One of the Port Erin stores is branded as an Iceland
store and another as Shoprite Living . One of the Douglas stores trades as Winerite .
The store in Port Erin has a Subway
Cafe. This is a concept for Subway which is being piloted in 15 locations across the US . It is believed to be the only Subway Cafe in Europe as of November 2011. There is no information available to show of any other Subway Cafes in Europe.
Its major competitors are Tesco
(one store in Douglas with a "Tesco Express" store due to open in Castletown in February 2012) and Manx Co-op
(10 convenience stores across the island).
The company slogan is "Manx to the Max" . It is the only store on the Isle of Man that stocks food from Iceland
(UK discount supermarket chain) , Subway
(US owned fast food franchise, currently the largest in the world), Wilkinson
(UK based high street discount store - loosely re-branded as "Shoprite Living"), Cook (UK frozen ready meal supplier) , Peacocks (UK "value" fashion retailer) , Waitrose (UK supermarket chain) and Lloyds pharmacy (UK pharmacy chain) . Shoprite previously also had concessions from German company Tchibo prior to the withdrawal of Tchibo from the UK market. Tchibo's lack of success in the British market was summarized in the Retail Week, 14 February 2008 issue, in which Tchibo was described as "a glorified pound shop". In 2009 Tchibo closed its own stores and supermarket concessions across the UK .
In the 1990s Shoprite expanded by opening stores in Scotland
. This move was however considered to be catastrophic for the company as understood to have cost the Isle of Man company £15m when the stores were sold to (and re-branded as) Kwik Save
in 1995. The share price in February 1994 was 241p but had fallen to 7p by June 1995 when the sale took place .
The chain is not related to similarly named chains in the US
or South Africa
.
Supermarket
A supermarket, a form of grocery store, is a self-service store offering a wide variety of food and household merchandise, organized into departments...
chain currently trading in the Isle of Man
Isle of Man
The Isle of Man , otherwise known simply as Mann , is a self-governing British Crown Dependency, located in the Irish Sea between the islands of Great Britain and Ireland, within the British Isles. The head of state is Queen Elizabeth II, who holds the title of Lord of Mann. The Lord of Mann is...
. It is a wholly owned subsidiary of Isle of Man Enterprises plc (formerly Shoprite Group Plc.). The company shares are traded on the PLUS Stock Exchange though will be delisted from 3rd January 2012. On 1st November 2011 the company announced an offer to buy back many shares along with an invitation to subscribe for Shoprite Bonds paying 2% cash interest per annum plus 3% Grocery Vouchers per annum
Shoprite currently owns 12 stores in all the major settlements on the Island. Three in Douglas
Douglas, Isle of Man
right|thumb|250px|Douglas Promenade, which runs nearly the entire length of beachfront in Douglasright|thumb|250px|Sea terminal in DouglasDouglas is the capital and largest town of the Isle of Man, with a population of 26,218 people . It is located at the mouth of the River Douglas, and a sweeping...
, two in Peel, two in Ramsey
Ramsey, Isle of Man
Ramsey is a town in the north of the Isle of Man. It is the second largest town on the island after Douglas. Its population is 7,309 according to the 2006 census . It has one of the biggest harbours on the island, and has a prominent derelict pier, called the Queen's Pier. It was formerly one of...
, three in Port Erin (the main Port Erin store had a major restructure and facelift between April and July 2011), one in Onchan
Onchan
Onchan , is a village in the parish of Onchan on the Isle of Man. It is at the north end of Douglas Bay. Although administratively a village, it has the second largest population on the island, after Douglas, with which it forms a conurbation....
and one in Castletown. One of the Port Erin stores is branded as an Iceland
Iceland (supermarket)
Iceland is a supermarket chain in the United Kingdom and Ireland. Iceland's primary product lines include frozen foods, such as frozen prepared meals and frozen vegetables - hence the name of the company...
store and another as Shoprite Living . One of the Douglas stores trades as Winerite .
The store in Port Erin has a Subway
Subway (restaurant)
Subway is an American restaurant franchise that primarily sells submarine sandwiches and salads. It is owned and operated by Doctor's Associates, Inc. . Subway is one of the fastest growing franchises in the world with 35,519 restaurants in 98 countries and territories as of October 25th, 2011...
Cafe. This is a concept for Subway which is being piloted in 15 locations across the US . It is believed to be the only Subway Cafe in Europe as of November 2011. There is no information available to show of any other Subway Cafes in Europe.
Its major competitors are Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...
(one store in Douglas with a "Tesco Express" store due to open in Castletown in February 2012) and Manx Co-op
The Co-operative Group
The Co-operative Group Ltd. is a United Kingdom consumer cooperative with a diverse range of business interests. It is co-operatively run and owned by its members. It is the largest organisation of this type in the world, with over 5.5 million members, who all have a say in how the business is...
(10 convenience stores across the island).
The company slogan is "Manx to the Max" . It is the only store on the Isle of Man that stocks food from Iceland
Iceland (supermarket)
Iceland is a supermarket chain in the United Kingdom and Ireland. Iceland's primary product lines include frozen foods, such as frozen prepared meals and frozen vegetables - hence the name of the company...
(UK discount supermarket chain) , Subway
Subway (restaurant)
Subway is an American restaurant franchise that primarily sells submarine sandwiches and salads. It is owned and operated by Doctor's Associates, Inc. . Subway is one of the fastest growing franchises in the world with 35,519 restaurants in 98 countries and territories as of October 25th, 2011...
(US owned fast food franchise, currently the largest in the world), Wilkinson
Wilkinson (shop)
Wilkinson or Wilko is a British high-street discount chain with over 300 stores, selling primarily homewares and household goods.Founded in 1930 Wilkinson Cash Stores by James Kemsey Wilkinson, the company has remained largely in the hands of the founding family since...
(UK based high street discount store - loosely re-branded as "Shoprite Living"), Cook (UK frozen ready meal supplier) , Peacocks (UK "value" fashion retailer) , Waitrose (UK supermarket chain) and Lloyds pharmacy (UK pharmacy chain) . Shoprite previously also had concessions from German company Tchibo prior to the withdrawal of Tchibo from the UK market. Tchibo's lack of success in the British market was summarized in the Retail Week, 14 February 2008 issue, in which Tchibo was described as "a glorified pound shop". In 2009 Tchibo closed its own stores and supermarket concessions across the UK .
In the 1990s Shoprite expanded by opening stores in Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
. This move was however considered to be catastrophic for the company as understood to have cost the Isle of Man company £15m when the stores were sold to (and re-branded as) Kwik Save
Kwik Save
Kwik Save was a discount supermarket chain in the United Kingdom until 2007. Its stores were small to medium sized high street supermarkets, mainly located in areas with below average incomes...
in 1995. The share price in February 1994 was 241p but had fallen to 7p by June 1995 when the sale took place .
The chain is not related to similarly named chains in the US
ShopRite (United States)
ShopRite Supermarkets is a retailers' cooperative chain of supermarkets in the northeastern United States, with stores in New Jersey, New York, Connecticut, Delaware, Maryland, and Pennsylvania...
or South Africa
Shoprite (South Africa)
Shoprite is a South African based retail and fast food company. It operates over 1200 corporate and 270 franchise outlets in 16 countries across Africa and the Indian Ocean Islands.- History:...
.